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The Calmer Co International (ASX:CCO) Owner Earnings per Share (TTM) : 0.00 (As of Jun. 2024)


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What is The Calmer Co International Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

The Calmer Co International's Owner Earnings per Share (TTM) ended in Jun. 2024 was A$0.00. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for The Calmer Co International's Owner Earnings per Share (TTM) or its related term are showing as below:



ASX:CCO's Price-to-Owner-Earnings is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 14.71
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

The Calmer Co International's Earnings per Share (Diluted) for the six months ended in Jun. 2024 was A$-0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was A$-0.00. It's PE Ratio (TTM) ratio for today is At Loss.

The Calmer Co International's EPS without NRI for the six months ended in Jun. 2024 was A$-0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was A$-0.00. It's PE Ratio without NRI ratio for today is At Loss.


The Calmer Co International Owner Earnings per Share (TTM) Historical Data

The historical data trend for The Calmer Co International's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Calmer Co International Owner Earnings per Share (TTM) Chart

The Calmer Co International Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial - - -0.03 -0.02 -

The Calmer Co International Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 - -0.02 - -

Competitive Comparison of The Calmer Co International's Owner Earnings per Share (TTM)

For the Packaged Foods subindustry, The Calmer Co International's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Calmer Co International's Price-to-Owner-Earnings Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Calmer Co International's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where The Calmer Co International's Price-to-Owner-Earnings falls into.



The Calmer Co International Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

The Calmer Co International's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income -3.73
Depreciation, Depletion and Amortization 0.20
Change In Deferred Tax 0.00
5Y Average of Maintenance Capital Expenditure 0.22
Change In Working Capital 0.00
Shares Outstanding (Diluted Average) 1,139.49

1. Start with "Net Income" from income statement. The Calmer Co International's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was A$-3.73 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. The Calmer Co International's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Jun. 2024 was A$0.20 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. The Calmer Co International's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2024 was A$0.00 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = A$0.22 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

The Calmer Co International's 5-Year Average Maintenance Capital Expenditure = A$0.22 Mil

5. "Change In Working Capital" is from cashflow statement. The Calmer Co International's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2024 was A$0.00 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. The Calmer Co International's Shares Outstanding (Diluted Average) for the months ended in Jun. 2024 was 1139.492 Mil.

The Calmer Co International's Onwer Earnings Per Share for Jun. 2024 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -3.727 +0.201+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-0.2206+0)/1139.492
=0.00

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=0.006/0.00
=0

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


The Calmer Co International Owner Earnings per Share (TTM) Related Terms

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The Calmer Co International Business Description

Traded in Other Exchanges
N/A
Address
96 Victoria Street, West End, Brisbane, QLD, AUS, 4101
The Calmer Co International Ltd is mainly engaged in the research, development, and selling of kava extracts as a consumer product. Its business objective is the primary production of kava through a network of outsourced kava farms and via its Farm located in Fiji and the production and sale of kava supplements and complementary medicines. The company has produced three types of products in the market: shots, powders, and capsules. Its reportable segments are; Fiji Kava Australia Trading Pty Ltd (Fiji Kava Australia Trading) which derives maximum revenue, South Pacific Elixirs Pty Limited (SPE Fiji), Fiji Kava Inc (USA), and Danodan Hempworks LLC (USA). Geographically, it derives key revenue from Australia and the rest from Fiji, and other regions.